David Scowsill, president and CEO of the World Travel & Tourism Council (WTTC), has called for continued investment in Travel & Tourism in the Middle East - which generated $194.5 billion or 8.0 per cent of GDP in 2015 - as a means
This year’s Arabian Hotel Investment Conference (AHIC) has attracted the attention of the world’s largest real estate enterprise, Wanda Commercial Properties, which is part of the wider Dalian Wanda Group founded in 1988.
While the upmarket hotel segment has traditionally dominated the Middle East hotel landscape, the rise of the mid-range is reshaping the hospitality industry in the region, say leading experts.
“There has been a growing dive
Egypt’s gross domestic product (GDP) is on track to grow four per cent in the fiscal year ending June, with expectation for the next fiscal year estimated in the 4.5 per cent range, according to experts.
The growth should ac
Oman’s tourism industry is poised for an annual growth rate of between 6 and 8 per cent until 2017, according to experts.
Experts gathered at the regional briefing on Oman organised by the Arabian Hotel Investment Conference
Major projects with plans to add nearly 2,000 hotel rooms to the country’s three-, four- and five-star hotel inventory by the end of 2013 are currently underway in Oman, said an industry expert.
Mohammed Mahfoodh Al Ardhi, c
DigiValet, a leading in-room automation technology company, has announced its participation at the upcoming 9th Arabian Hotel Investment Conference (Ahic), to be held at Madinat Jumeirah in Dubai on May 5 and 6.
Rahul Salgia, chie
RevPAR (revenue per available room) across the Middle East rose 10.4 per cent in the first quarter of 2012 compared to 2011– 50 per cent greater than Asia and North America, said an expert.
While these figures varied between the major citi
The Ras Al Khaimah Tourism Development Authority (Ras Al Khaimah TDA) has launched a guide to appeal to and inform potential investors of the benefits of investing in Ras Al Khaimah’s developing hospitality industry.
The Ras Al Khaimah Inv
Investment opportunities in the Gulf where governments are ploughing billions of dollars into tourism infrastructure will be the focus of a key conference next month in Dubai.
Top industry executives and officials will head to the annual A